Faisal Islamic Bank Egypt Says Total Revenues 30.2% Up By June-End

By Yomna Yasser On Jul 21, 2013

Faisal Islamic Bank of Egypt (FAIT.CA) has reported on Sunday a 30.2% growth in its total revenues which hit in the vicinity of EGP 1.923 billion by June-end of 2013.

In comparison, the bank’s total revenues hit EGP 1.477 billion by June-end in 2012.

Moreover, the financial results of the bank for the first half of 2013 have also revealed a 0.7% increase in the gross profit margin which hit 41.6% by June-end of 2013.

Net profit after tax has reached EGP 370.8 million by June-end, compared to EGP 283.6 million for the same period a year later, representing an increase of 30.7%.